Shawbrook Bank gives notice account a rate boost | Product News - Moneyfacts

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Shawbrook Bank gives notice account a rate boost

Shawbrook Bank gives notice account a rate boost

Category: Savings
Date: 05/12/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Shawbrook Bank has reviewed its variable notice savings account and given the rate a welcome increase of 0.10%, catapulting it to the top of the Moneyfacts charts.


The basics…

120 Day Notice Personal Savings Issue 23 now has a market-leading variable rate of 1.85% yearly.


The finer details…

This account can be opened by post and online with an initial deposit of £1,000. It can then be managed via the same methods as well as by phone.

Further additions are welcome as long as the issue remains open and unlimited penalty-free withdrawals can be made. However, early access is not permitted, so withdrawals are always subject to the notice period of 120 days.

Savers should note that no cash transactions are allowed with this account and access to funds must be through a nominated account.


Why we like it…

Shawbrook Bank has taken an already competitive deal and raised it even further above its rivals. The market-leading rate is sure to reel in eager savers while the flexibility of further additions adds further appeal. Although early access is not possible, the benefit of unlimited, penalty-free withdrawals will not be lost on savers.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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